Island Car Rental (ICR) has listed a $2.2-billion bond issue aimed at raising capital for the expansion of its Montego Bay facility in addition to refinancing existing debt.

Island Car Rentals Limited has secured a $2.2-billion arsenal from a bond issue that will be pumped into expansion of the company’s Montego Bay operations, and used to replace existing bank debt.

After securing $1.1 billion on the bond market, adventure tour company Mystic Mountain will be adding two more rides to double its service capacity, and pay off higher-cost debt taken on two years ago.

Sygnus Capital Limited on Wednesday said that it recently closed a $1.1-billion investment-grade rated bond for Mystic Mountain Limited.

Start-up investment company Sygnus Credit reported profit of US$1.4 million for year ending June 2018.

Sygnus Credit Investments Limited (SCI) says it has completed its first investment since its recently closed US$20-million initial public offering (IPO) in May.

Sygnus Credit Investments (SCI), the private credit investment company managed by the Sygnus Group, listed two classes of shares on the Jamaica Stock Exchange (JSE) Main Market on Monday.

Tripling its initial subscription target of US$10 million to raise a total of US$33.5 million ($4.2 billion), Sygnus Credit Investments Ltd will on Monday list its shares on the main J$ and US$ market of the Jamaica Stock Exchange (JSE).

The IPO, which was aimed at raising US$10 million ($1.2 billion) tripled its subscription target, raising a total of US$33,558,213.40 ($4,216,180,103.56) for both share classes.

MegaMart principal acquires Dutch supermarket chain in Aruba, Bonaire and Curaçao. Ike Johnson, Head of M&A at Sygnus, structured the deal and led the negotiations.